Marsh Inc.
Marsh Inc. is a global risk and insurance services firm. It is a subsidiary of MMC.
Marsh operates by collecting commissions from insurers and advisory fees from its clients — mainly large corporations but also small and mid-size businesses, municipal governments, school districts and some individuals — in exchange for locating property and casualty insurance coverage for them. At all relevant times, the Company stated that its "guiding principle is to consider (its) clients' best interests in all placements," and that it "(does not.) represent the (companies)" and held itself out as a "trusted adviser and advocate, in effect representing their best interests in the market place." Even though it was caught in a bid rigging scandal where it pre-arranged winning quotes from insurers.
Read more about this topic: Marsh & Mc Lennan Companies